The most significant risks with the greatest likelihood of occurring are the priority risks. These become the focus of your most effective risk management efforts, coupled with audit and monitoring from now on. A variety of tools can be used to monitor risk from now on continuously. Consider providing employees with substantive training to guard against the most significant threats coming to pass and keep the key messages fresh and top of mind. It is vital to create a risk control summary that succinctly documents the nature of the See more +

The most significant risks with the greatest likelihood of occurring are the priority risks. These become the focus of your most effective risk management efforts, coupled with audit and monitoring from now on. A variety of tools can be used to monitor risk from now on continuously. Consider providing employees with substantive training to guard against the most significant threats coming to pass and keep the key messages fresh and top of mind. It is vital to create a risk control summary that succinctly documents the nature of the risk and the actions taken to mitigate it. Finally, let this risk assessment and evaluation inform your compliance program, rather than allowing the compliance program to inform the risk assessment.

Three key takeaways:

1. Even after completing your risk assessment, you must evaluate those risks for your company.

2. The DOJ and SEC are looking for a well-reasoned approach on how you evaluate your risk.

3. Create a risk matrix, rank your risks, then remediate and monitor as appropriate. See less -